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January 2020

09Jan

Finanzas Contemporáneas Sostenibles: Una “oportunidad verde” para los gestores de Cartera en Colombia

Por Jairo Samuel Villamil Argoti El objetivo general de este trabajo de investigación, es revisar a partir de aproximaciones clásicas de valoración de portafolio, junto a indicadores de portafolio los desempeños de un índice sostenible (Corporate Sustainability Index) vs un índice tradicional como lo es el Bovespa, para poder dar cumplimiento a los objetivos de este trabajo de investigación, se consultaron libros y revistas de investigación económica, financiera y social utilizadas en el marco teórico y estado del...

January 9, 2020
Articles, Investing, Pension design, , ,
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03Jan

Social Security and Pension Reform: International Perspectives

By Marek Szczepanski, John A. Turner Countries around the world are reforming their social security and pension systems. International studies often focus on social security reforms in Europe and North America, and may include Latin America. Reforms, however, are also occurring in Asia and Africa, and include reforms of voluntary and employer-provided pensions as well as social security programs. This book discusses both social security and employer-provided pension reforms, as well as reforms in most regions of the world....

January 3, 2020
Books, Pension design, ,
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03Jan

Pension Actuarial Mathematics

By Philip Martin McCaulay This 40-page publication on pension actuarial mathematics covers topics such as (I) interest and mortality, (II) cost methods, (III) amortization and contributions, and (IV) Duration and Convexity. Part I on interest and mortality includes mortality rates and survival functions, the theory of interest, commutation functions, and life annuity factors. Part II on cost methods includes the Unit Credit (UC) Cost Method, the Projected Unit Credit (PUC) Cost Method, the Entry Age Normal (EAN) Cost Method,...

January 3, 2020
Books, Investment, Pension design, Savings,
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03Jan

The Evolution of Fintech: A New Post-Crisis Paradigm?

By Douglas W. Arner, Janos Nathan Barberis, Ross P. Buckley “FinTech”, a contraction of “Financial technology”, refers to technology enabled financial solutions. It is often seen today as the new marriage of financial services and information technology. However, the interlinkage of finance and technology has a long history and has evolved over three distinct eras, during which finance and technology have evolved together: first in the analogue context then with a process of digitalization of finance from the late...

January 3, 2020
Articles, Pension design, Savings,
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December 2019

27Dec

Realistic Expectations and Limitations to Consumer-Facing Robo-tic Advisors

By Dirk Cotton, Neville Francis We present a benchmark life-cycle simulation model (RFSM) that incorporates the financial, demographic, and mortality positions of retired households. By adjusting several features we nest a specific type of consumer-facing (generic) robo model that attempts to minimize the user's workload by imputing key inputs. We calibrate both models under robo policies using the Health and Retirement data for our benchmark model and robo-imputed data for the Generic-Robo model. Our findings indicate that retirees using...

December 27, 2019
Articles, Investing, Pension design, Savings, ,
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27Dec

The Pan-European Pension Product Regulation: A Huge Opportunity for the Luxembourg Fund Industry

By Sebastiaan Niels Hooghiemstra Currently, there is a dynamic and ongoing improvement in life expectancies that is not accounted for in pension systems designed to provide financial security in retirement. All over Europe, there are currently employment-based (2nd pillar) pension funds and first pillar pay-as-you-go (PAYG) state pensions systems that are facing huge funding deficits as a result of that. Recently both the EU parliament and the EU Council took their stance on the introduction of an European legal...

December 27, 2019
Articles, Pension design, Pension Management, , ,
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20Dec

Impact Evaluation of the Zanzibar Universal Pension Scheme

By Dr Flavia Galvani, Florian Juergens The Revolutionary Government of Zanzibar strives to build a prosperous and peaceful society that ensures sustainable development, wellbeing and gender equality for everyone. To achieve this, the Government has put in place strategies and plans to meet the needs, and realize the rights, of each and everyone in society. It is our commitment to do our utmost to reduce poverty, vulnerability and violence, increase access to essential services, foster social integration, and promote...

December 20, 2019
Books, Pension design, , , ,
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20Dec

State Pension Funds Reduce Assumed Rates of Return

State and local public employee retirement systems in the United States manage over $4.3 trillion in public pension fund investments, with returns on these assets accounting for more than 60 cents of every dollar available to pay promised benefits. About three-quarters of these assets are held in what are often called risky assets—stocks and alternative investments, including private equities, hedge funds, real estate, and commodities.1 These investments offer potentially higher long-term returns, but their values fluctuate with ups and...

December 20, 2019
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20Dec

Debt Close to Retirement and Its Implications for Retirement Well-being

By Annamaria Lusardi, Olivia S. Mitchell, Noemi Oggero We analyze debt and debt management of Americans nearing retirement age. We show that older people have numerous financial obligations that can lead to financial distress. Using data from the 2015 National Financial Capability Study and an extensive literature review, we show that lack of financial literacy, lack of information, and behavioral biases help explain the prevalence of debt later in life. Our evidence indicates that debt at older ages can...

December 20, 2019
Aging, Articles, Pension design, , , ,
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16Dec

Ethics, ESG, and ERISA: Ethical-Factor Investing of Savings and Retirement Benefit

By Albert Feuer (Law Offices of Albert Feuer) Ethical-factor investing is investment decision-making that takes into account ethical factors. It includes faith-based investing, Environmental, Social or Governance (ESG) investing, and sustainable investing. It is becoming more and more widespread. This has occurred despite a lack of widely accepted definitions, performance metrics, or ethical preferences. There is increasing broad agreement that some ethical factors highlight business risks and opportunities in a predictable fashion, such as the effects of climate change, human...

December 16, 2019
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